Loans Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Finding the Secured Homeowner Loan for You


If you've been thinking of getting a secured homeowner loan, you'll find it worth your time to do a little research on these loans and to shop around for the best deal.

Getting a secured homeowner loan can help you to take care of any of a variety of expenses? from autos and vehicles to home improvements and debt consolidation, these loans have a much wider spectrum of usage than most secured loans.

Just because you can use a secured homeowner loan for any of several purposes doesn't mean that you should rush into a loan agreement, though; careful consideration of several loan quotes from a variety of sources can save you both time and money in the long run.

A matter of security

Obviously, a secured homeowner loan is a secured loan. If you're not familiar with this term, all that it means is that the loan has some physical piece of property with some value that serves to guarantee repayment of the loan, which is known as collateral.

In the case of a secured homeowner loan, the value of your house or other real estate is used as collateral; the value of the house is determined by looking at the equity that the homeowner has in it, with equity being the amount of money which has been invested into the house to pay off the mortgage.

This basically means that lenders are going to look at how much of the house or real estate you actually "own", or what percentage of the mortgage has been repaid.

The larger the percentage of the mortgage that you've paid is, then the more equity you'll have in your house or real estate? and the larger the amount of your secured homeowner loan can be.

Careful comparison is the key

One of the most important things when looking for a secured homeowner loan is to make sure that you don't rush into a loan agreement without exploring all of your options.

Take the time to get quotes for a secured homeowner loan from several banks and finance companies? these quotes will let you compare the interest rates and other lending terms that the different banks and finance companies are offering you so that you can determine which one will serve you and your loan needs the best.

The extra time that you spend shopping for your loan in this manner will likely result in both a lower interest rate and more flexible repayment terms than what you would have gotten by taking the first loan offer that you received.

The money that you stand to save makes the extra time more than worth it.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About The Author

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Student Loan Hero (blog)

How to Deduct Home Improvement Loan Interest on Your Taxes
Student Loan Hero (blog)
“The short answer is yes, you can deduct loan interest from a home improvement loan on your taxes,” said Joshua Escalante Troesh, a financial planner with Purposeful Strategic Partners. “However, there are limitations on how you use the money, thanks ...



Forbes

How To Save $1,000 On Your Student Loans - Forbes
Forbes
This one student loan hack will get you there. Here's what you need to know and how to start saving. Student Loan Debt: Overview. If you are one of more than ...
Consumer Debt Outlook for June 2018 | LendingTreeLending Tree

all 12 news articles »


HuffPost

I Couldn't Afford To Pay My Student Loans. Then I Received A ...
HuffPost
Mark Wragg via Getty Images Why is it, in a day and age when more and more brown and black people are accessing higher education, that a bachelor's degree ...

and more »


The Hill

Bill to protect work licenses of student loan debtors is welcome development
The Hill
Americans owe nearly $1.5 trillion in student loans, with the average borrower owing around $30,000. Unfortunately, because of a number of factors, about 5 million Americans are in default on those loans. Worse still, a perverse policy underlying many ...



Forbes

Nonsensical State Laws Yank Licenses From Student Loan Defaulters
Forbes
State governments do many silly things. Writing in USA Today, Jarrett Dieterle and Shoshana Weissmann bring attention to one of the absolute silliest: in 18 states, workers can have their professional licenses revoked if they default on their student ...



WWD

Fitch Ratings Eyes Commercial Loans of Troubled 'B' Malls
WWD
Are "B" malls really in trouble? In its most recent "loans of concern" report, Fitch Ratings said three-fourths of the rated commercial mortgage-backed securities, or CMBS, that are classified as 2.0 have a negative rating outlook and are "tied to ...



Nasdaq

Exclusive: Piraeus Bank to unload bad loans pool to APS
Reuters
ATHENS (Reuters) - Piraeus Bank (BOPr.AT), Greece's largest lender by assets, has agreed to sell a 400 million euro pool of soured, unsecured consumer loans to distressed debt specialist APS Holdings, bankers close to the transaction told Reuters on ...
-Piraeus Bank to unload bad loans pool to APSNasdaq
Piraeus Bank agrees to sell bad loans pool to APSwww.ekathimerini.com

all 8 news articles »


Reuters

EU lawmakers face opposition to softening bank rules on bad loans
Reuters
LUXEMBOURG (Reuters) - A vote by European Union lawmakers to soften capital rules for banks that offload large amounts of bad loans is meeting resistance and could be ditched, officials said, in what would be a blow to Italian lenders profiting from ...

and more »


Bloomberg

Steinhoff Africa, Brait Charge Investors for Manager Loans
Bloomberg
Last month STAR, as Steinhoff Africa is known, told investors it put aside 440 million rand ($32 million) to pay back the loans of 44 Pepkor managers, many of whom bought stakes in the then-closely held company. Those shares were converted into ...



The MReport

Why Citigroup's Loan Portfolio Is Growing Faster Than Its Peers'
Forbes
Citigroup reported an increase in its total loan portfolio from $623 billion in Q1 2017 to $668 billion in Q1 2018 – a jump of 7.2%. This compares with the average loan growth figure of 4.7% across the U.S. banking industry over this period. With the ...
Stress Tests: How Will Mortgage Loans Impact Bank Losses?The MReport

all 4 news articles »

Google News

home | site map
TIGER MEDIA© 2006